IIT Bombay partners with SBI Life to build India’s own AI-powered cyber defence systems for Insurance
In a move that reshapes how India protects the financial data of millions, SBI Life Insurance, one of the country’s most trusted private life insurers, has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Bombay (IIT Bombay) to establish ‘Bharat’s AI & Cyber Innovation Hub for Insurance’ (the “Bharat Innovation Hub”), a joint research and innovation centre dedicated to building India’s own deep-technology defences for the insurance sector.
The MoU was signed by Prof. S.V Kulkarni, Dean-R&D, IIT- Bombay and Vishal Bhatia, Chief Information & Digital Officer, SBI Life Insurance in presence of Prof. Shireesh B Kedare, Director, IIT-Bombay; Abhijit Gulanikar, President – Ops & IT, SBI Life; Subhendu Bal, President – Chief Risk Officer, SBI Life; Balaji Venketaswar, Professor of Practice, IIT-Bombay; Prof. Ganesh Ramakrishnan, Chair Professor, Department of CSE, IIT-Bombay & Founding Director, BharatGen; and Pravin Ghate, EVP & Head – Infra Core, Cloud...
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